Northern Cost of Revenue vs Payout Ratio Analysis
NTIC Stock | USD 16.23 0.62 3.97% |
Northern Technologies financial indicator trend analysis is infinitely more than just investigating Northern Technologies recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Northern Technologies is a good investment. Please check the relationship between Northern Technologies Cost Of Revenue and its Payout Ratio accounts. Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Northern Technologies. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in gross domestic product. For information on how to trade Northern Stock refer to our How to Trade Northern Stock guide.
Cost Of Revenue vs Payout Ratio
Cost of Revenue vs Payout Ratio Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Northern Technologies Cost of Revenue account and Payout Ratio. At this time, the significance of the direction appears to have fragmental relationship.
The correlation between Northern Technologies' Cost of Revenue and Payout Ratio is 0.46. Overlapping area represents the amount of variation of Cost of Revenue that can explain the historical movement of Payout Ratio in the same time period over historical financial statements of Northern Technologies, assuming nothing else is changed. The correlation between historical values of Northern Technologies' Cost of Revenue and Payout Ratio is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Cost of Revenue of Northern Technologies are associated (or correlated) with its Payout Ratio. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Payout Ratio has no effect on the direction of Cost of Revenue i.e., Northern Technologies' Cost of Revenue and Payout Ratio go up and down completely randomly.
Correlation Coefficient | 0.46 |
Relationship Direction | Positive |
Relationship Strength | Weak |
Cost Of Revenue
Cost of Revenue is found on Northern Technologies income statement and represents the costs associated with goods and services Northern Technologies provides. Indirect cost, such as salaries, is not included. In other words, cost of revenue is the total cost incurred to obtain a sale. It is more than the traditional cost of goods sold, since it includes specific selling and marketing activities.Payout Ratio
Payout Ratio is the proportion of Northern Technologies earnings paid out as dividends to shareholders. Payout Ratio is typically expressed as a percentage but can be shown as dividends paid out as a proportion of cash flow. The payout ratio is used to determine the sustainability of Northern Technologies dividend payments. A lower payout ratio is generally preferable to a higher payout ratio, with a ratio greater than 100% indicating Northern Technologies is paying out more in dividends than it makes in net income.Most indicators from Northern Technologies' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Northern Technologies current financial condition. On the other hand, looking into the entire matrix of fundamental ratios indicators, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Northern Technologies. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in gross domestic product. For information on how to trade Northern Stock refer to our How to Trade Northern Stock guide.At present, Northern Technologies' Sales General And Administrative To Revenue is projected to slightly decrease based on the last few years of reporting. The current year's Enterprise Value Over EBITDA is expected to grow to 16.34, whereas Tax Provision is forecasted to decline to about 1.4 M.
2021 | 2022 | 2023 | 2024 (projected) | Gross Profit | 23.1M | 29.1M | 33.4M | 35.1M | Total Revenue | 74.2M | 86.4M | 99.3M | 104.3M |
Northern Technologies fundamental ratios Correlations
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Northern Technologies Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Northern Technologies fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 66.1M | 74.4M | 86.2M | 89.3M | 102.7M | 107.9M | |
Other Current Liab | 880.1K | 4.0M | 3.0M | (30.2M) | (27.2M) | (25.9M) | |
Total Current Liabilities | 6.1M | 8.5M | 17.1M | 16.7M | 19.2M | 20.2M | |
Total Stockholder Equity | 56.7M | 62.4M | 63.6M | 66.4M | 76.3M | 80.1M | |
Property Plant And Equipment Net | 7.8M | 12.2M | 12.7M | 14.5M | 16.7M | 17.5M | |
Net Debt | (5.7M) | (7.3M) | 1.1M | 1.4M | 1.2M | 1.3M | |
Retained Earnings | 42.5M | 47.0M | 50.7M | 51.0M | 58.7M | 61.6M | |
Accounts Payable | 3.2M | 4.3M | 7.8M | 6.1M | 7.0M | 7.3M | |
Cash | 6.4M | 7.7M | 5.3M | 5.4M | 6.2M | 3.2M | |
Non Current Assets Total | 32.9M | 40.6M | 46.0M | 49.7M | 57.1M | 60.0M | |
Cash And Short Term Investments | 11.9M | 7.7M | 5.3M | 5.4M | 6.2M | 4.2M | |
Net Receivables | 9.5M | 13.6M | 16.6M | 19.1M | 22.0M | 23.1M | |
Common Stock Shares Outstanding | 9.1M | 9.9M | 9.6M | 9.7M | 11.1M | 9.3M | |
Liabilities And Stockholders Equity | 66.1M | 74.4M | 86.2M | 89.3M | 102.7M | 107.9M | |
Non Current Liabilities Total | 272.4K | 104.1K | 1.9M | 1.9M | 2.2M | 2.3M | |
Inventory | 11.0M | 11.1M | 16.3M | 13.1M | 15.1M | 15.8M | |
Other Current Assets | (1.0) | 1.3M | 2.0M | 21.2B | 24.3B | 25.6B | |
Other Stockholder Equity | 17.4M | 18.7M | 19.9M | 22.0M | 25.3M | 26.5M | |
Total Liab | 6.4M | 8.6M | 18.9M | 18.6M | 21.4M | 22.5M | |
Total Current Assets | 33.2M | 33.7M | 40.2M | 39.7M | 45.6M | 47.9M | |
Property Plant And Equipment Gross | 7.8M | 12.2M | 12.7M | 14.5M | 16.7M | 17.5M | |
Accumulated Other Comprehensive Income | (3.4M) | (3.5M) | (7.2M) | (6.8M) | (6.1M) | (5.8M) | |
Common Stock Total Equity | 181.7K | 182K | 183.7K | 184.7K | 212.3K | 108.5K | |
Common Stock | 182K | 183.7K | 184.7K | 188.5K | 216.8K | 112.5K | |
Other Assets | 1.7M | 1.6M | 209.7K | 92.6K | 83.3K | 79.1K | |
Property Plant Equipment | 7.4M | 7.1M | 12.2M | 12.2M | 14.0M | 14.7M | |
Short Term Investments | 5.5M | 4.6K | 5.6K | 23.7B | 27.2B | 28.6B | |
Good Will | 1.0M | 802.0K | 0.0 | 4.8M | 5.5M | 5.8M | |
Intangible Assets | 802.0K | 709.6K | 6.6M | 6.2M | 7.1M | 7.4M | |
Net Tangible Assets | 56.6M | 56.7M | 61.7M | 52.2M | 60.0M | 53.6M | |
Noncontrolling Interest In Consolidated Entity | 3.1M | 3.0M | 3.4M | 3.6M | 4.2M | 3.2M | |
Retained Earnings Total Equity | 45.0M | 42.5M | 47.0M | 50.7M | 58.3M | 41.9M | |
Capital Surpluse | 16.0M | 17.4M | 18.7M | 19.9M | 22.9M | 16.4M |
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Northern Technologies in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Northern Technologies' short interest history, or implied volatility extrapolated from Northern Technologies options trading.
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Try AI Portfolio ArchitectCheck out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Northern Technologies. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in gross domestic product. For information on how to trade Northern Stock refer to our How to Trade Northern Stock guide.You can also try the Price Exposure Probability module to analyze equity upside and downside potential for a given time horizon across multiple markets.
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Is Northern Technologies' industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Northern Technologies. If investors know Northern will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Northern Technologies listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth 3.25 | Dividend Share 0.28 | Earnings Share 0.48 | Revenue Per Share 8.802 | Quarterly Revenue Growth 0.141 |
The market value of Northern Technologies is measured differently than its book value, which is the value of Northern that is recorded on the company's balance sheet. Investors also form their own opinion of Northern Technologies' value that differs from its market value or its book value, called intrinsic value, which is Northern Technologies' true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Northern Technologies' market value can be influenced by many factors that don't directly affect Northern Technologies' underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Northern Technologies' value and its price as these two are different measures arrived at by different means. Investors typically determine if Northern Technologies is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Northern Technologies' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.